Borrower’s Obligations. not affected If for any reason the amount standing to the credit of the Operating Account is insufficient to repay any Drawing or to make any payment of interest when due, the Borrower’s obligation to repay that Drawing or to make that payment of interest shall not be affected.
Appears in 6 contracts
Samples: Agreement (Safe Bulkers, Inc.), Credit Facility Agreement (Safe Bulkers, Inc.), Loan Agreement (Safe Bulkers, Inc.)
Borrower’s Obligations. not affected If for any reason the amount standing to the credit of the Operating Retention Account is insufficient to repay pay any Drawing Repayment Instalment or to make any payment of interest when due, the Borrower’s obligation to repay pay that Drawing Repayment Instalment or to make that payment of interest shall not be affected.
Appears in 4 contracts
Samples: Loan Agreement (DHT Holdings, Inc.), Facility Agreement (HC2 Holdings, Inc.), Loan Agreement (DHT Holdings, Inc.)
Borrower’s Obligations. not affected If for any reason the amount standing to the credit of the Operating Earnings Account is insufficient to repay pay any Drawing Repayment Instalment or to make any payment of interest when due, the Borrower’s 's obligation to repay pay that Drawing Repayment Instalment or to make that payment of interest shall not be affected.
Appears in 3 contracts
Samples: Loan Agreement (Paragon Shipping Inc.), Loan Agreement (Top Ships Inc.), Loan Agreement (Top Ships Inc.)
Borrower’s Obligations. not affected If for any reason the amount standing to the credit of the Operating Account Earnings Accounts (or either one of them) is insufficient to repay pay any Drawing Repayment Instalment or to make any payment of interest when due, the Borrower’s Borrowers' obligation to repay pay that Drawing Repayment Instalment or to make that payment of interest shall not be affected.
Appears in 2 contracts
Samples: Loan Agreement (Baltic Trading LTD), Loan Agreement (Baltic Trading LTD)
Borrower’s Obligations. not affected If for any reason the amount standing to the credit of the Operating Earnings Account (or either one of them) is insufficient to repay pay any Drawing Repayment Instalment or to make any payment of interest when due, the Borrower’s obligation to repay pay that Drawing Repayment Instalment or to make that payment of interest shall not be affected.
Appears in 2 contracts
Samples: Loan Agreement (Baltic Trading LTD), Loan Agreement (Baltic Trading LTD)
Borrower’s Obligations. not affected If for any reason the amount standing to the credit of the Operating Earnings Account is shall be insufficient to repay pay any Drawing Repayment Instalment or to make any payment of interest when due, the Borrower’s Borrowers' obligation to repay pay that Drawing Repayment Instalment or to make that payment of interest shall not be affected.
Appears in 2 contracts
Samples: Loan Agreement (Mc Shipping Inc), Loan Agreement (Mc Shipping Inc)
Borrower’s Obligations. not affected If for any reason the amount standing to the credit of the Operating Retention Account is insufficient to repay pay any Drawing Repayment Instalment or to make any payment of interest when due, the Borrower’s 's obligation to repay pay that Drawing Repayment Instalment or to make that payment of interest shall not be affected.";
Appears in 1 contract
Borrower’s Obligations. not affected If for any reason the amount standing to the credit of the Operating Account Earnings Accounts is insufficient to repay pay any Drawing Repayment Instalment or to make any payment of interest when due, the Borrower’s Borrowers' obligation to repay pay that Drawing Repayment Instalment or to make that payment of interest shall not be affected.
Appears in 1 contract
Samples: Loan Agreement (Euroseas Ltd.)
Borrower’s Obligations. not affected If for any reason the amount standing to the credit of the Operating Earnings Account is shall be insufficient to repay pay any Drawing Repayment Instalment or to make any payment of interest when due, the Borrower’s 's obligation to repay pay that Drawing Repayment Instalment or to make that payment of interest shall not be affected.
Appears in 1 contract
Samples: Loan Agreement (Golar LNG LTD)
Borrower’s Obligations. not affected If for any reason the amount standing to the credit of the Operating Retention Account is shall be insufficient to repay pay any Drawing Repayment Instalment or to make any payment of interest when due, the Borrower’s obligation to repay pay that Drawing Repayment Instalment or to make that payment of interest shall not be affected.
Appears in 1 contract
Samples: Agreement (Usg Corp)
Borrower’s Obligations. not affected If for any reason the amount standing to the credit of the Operating Retention Account is insufficient to repay pay any Drawing Repayment Instalment or to make any payment of interest when due, the Borrower’s Borrowers' obligation to repay pay that Drawing Repayment Instalment or to make that payment of interest shall not be affected.
Appears in 1 contract
Samples: Loan Agreement (Diana Shipping Inc.)
Borrower’s Obligations. not affected If for any reason the amount standing to the credit of the Operating Account Retention Accounts is insufficient to repay pay any Drawing Repayment Instalment or to make any payment of interest when due, the Borrower’s Borrowers’ obligation to repay pay that Drawing Repayment Instalment or to make that payment of interest shall not be affected.
Appears in 1 contract
Samples: Loan Agreement (DHT Holdings, Inc.)
Borrower’s Obligations. not affected If for any reason the amount standing to the credit of the Operating Earnings Account is insufficient to repay pay any Drawing Repayment Instalment or to make any payment of interest when due, the Borrower’s obligation to repay pay that Drawing Repayment Instalment or to make that payment of interest shall not be affected.
Appears in 1 contract
Samples: EuroDry Ltd.
Borrower’s Obligations. not affected If for any reason the amount standing to the credit of the Operating Earnings Account is insufficient to repay pay any Drawing Repayment Instalment or to make any payment of interest when due, the Borrower’s obligation Borrowers’ obligations to repay pay that Drawing Repayment Instalment, or to make that payment of interest shall not be affected.
Appears in 1 contract
Samples: Loan Agreement (Danaos Corp)
Borrower’s Obligations. not affected If for any reason the amount standing to the credit of the Operating Account is Accounts shall be insufficient to repay pay any Drawing Repayment Instalment or to make any payment of interest when duedue in accordance with this Clause, the Borrower’s obligation to repay pay that Drawing Repayment Instalment or to make that payment of interest shall not be affected.
Appears in 1 contract
Samples: Loan Agreement (DHT Holdings, Inc.)
Borrower’s Obligations. not affected If for any reason the amount standing to the credit of the Operating Account Accounts is insufficient to repay any Drawing or to make any payment of interest when due, the Borrower’s Borrowers’ obligation to repay that Drawing or to make that payment of interest shall not be affected.
Appears in 1 contract
Samples: Secured Loan Agreement (Genco Shipping & Trading LTD)
Borrower’s Obligations. not affected If for any reason the amount standing to the credit of the Operating Retention Account is shall be insufficient to repay pay any Drawing Repayment Instalment or to make any payment of interest when due, the Borrower’s 's obligation to repay pay that Drawing Repayment Instalment or to make that payment of interest shall not be affected.
Appears in 1 contract
Samples: Loan Agreement (Euroseas Ltd.)
Borrower’s Obligations. not affected If for any reason the amount standing to the credit of the Operating Earnings Account is insufficient to repay pay any Drawing Repayment Instalment or to make any payment of interest when due, the Borrower’s Borrowers’ obligation to repay pay that Drawing Repayment Instalment or to make that payment of interest shall not be affected.
Appears in 1 contract
Samples: Loan Agreement (Danaos Corp)
Borrower’s Obligations. not affected If for any reason the amount standing to the credit of the Operating a Retention Account is insufficient to repay pay any Drawing Repayment Instalment or to make any payment of interest when due, the Borrower’s 's obligation to repay pay that Drawing Repayment Instalment or to make that payment of interest shall not be affected.
Appears in 1 contract
Borrower’s Obligations. not affected If for any reason the amount standing to the credit of the Operating relevant Earnings Account is insufficient to repay pay any Drawing Repayment Instalment or to make any payment of interest when due, the Borrower’s Borrowers' obligation to repay pay that Drawing Repayment Instalment or to make that payment of interest shall not be affected.
Appears in 1 contract
Samples: Loan Agreement (Diana Shipping Inc.)